Illinois Tool Works Inc. (ITW) Shares Sold by Bray Capital Advisors

Bray Capital Advisors lowered its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 26.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,200 shares of the industrial products company’s stock after selling 775 shares during the period. Bray Capital Advisors’ holdings in Illinois Tool Works were worth $367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ITW. Somerville Kurt F acquired a new position in Illinois Tool Works in the 4th quarter valued at about $744,000. Meeder Asset Management Inc. increased its position in Illinois Tool Works by 200.4% in the 4th quarter. Meeder Asset Management Inc. now owns 14,202 shares of the industrial products company’s stock valued at $2,368,000 after acquiring an additional 9,474 shares during the period. Public Employees Retirement Association of Colorado increased its position in Illinois Tool Works by 5.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 541,799 shares of the industrial products company’s stock valued at $90,399,000 after acquiring an additional 28,862 shares during the period. Dempze Nancy E increased its position in Illinois Tool Works by 47.3% in the 4th quarter. Dempze Nancy E now owns 3,815 shares of the industrial products company’s stock valued at $636,000 after acquiring an additional 1,225 shares during the period. Finally, Everence Capital Management Inc. increased its position in Illinois Tool Works by 30.6% in the 4th quarter. Everence Capital Management Inc. now owns 15,449 shares of the industrial products company’s stock valued at $2,578,000 after acquiring an additional 3,620 shares during the period. Institutional investors and hedge funds own 74.61% of the company’s stock.

Several brokerages recently issued reports on ITW. JPMorgan Chase & Co. boosted their price target on Illinois Tool Works from $160.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Credit Suisse Group boosted their price target on Illinois Tool Works from $163.00 to $166.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Wells Fargo & Co boosted their price target on Illinois Tool Works from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. BMO Capital Markets boosted their price target on Illinois Tool Works from $180.00 to $185.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Jefferies Group restated a “buy” rating on shares of Illinois Tool Works in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $177.18.

Illinois Tool Works Inc. (ITW) opened at $161.12 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.98 and a current ratio of 2.38. Illinois Tool Works Inc. has a 52-week low of $126.52 and a 52-week high of $179.07. The stock has a market capitalization of $55,200.00, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 2.19 and a beta of 1.18.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Wednesday, January 24th. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. Illinois Tool Works had a return on equity of 48.42% and a net margin of 11.79%. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. sell-side analysts forecast that Illinois Tool Works Inc. will post 7.71 earnings per share for the current fiscal year.

In other news, insider Harold B. Smith sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $166.43, for a total transaction of $4,992,900.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Roland M. Martel sold 64,818 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $167.41, for a total value of $10,851,181.38. Following the sale, the insider now directly owns 26,222 shares in the company, valued at approximately $4,389,825.02. The disclosure for this sale can be found here. Insiders have sold a total of 113,468 shares of company stock worth $19,163,781 in the last three months. Corporate insiders own 0.90% of the company’s stock.

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Illinois Tool Works Company Profile

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.

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Institutional Ownership by Quarter for Illinois Tool Works (NYSE:ITW)

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